Resona Asset Management Co. Ltd. Reduces Position in Nebius Group N.V. $NBIS

Resona Asset Management Co. Ltd. lowered its stake in shares of Nebius Group N.V. (NASDAQ:NBIS) by 5.5% during the 1st quarter, according to its most recent filing with the SEC. The firm owned 51,294 shares of the company’s stock after selling 2,991 shares during the period. Resona Asset Management Co. Ltd.’s holdings in Nebius Group were worth $5,322,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of the stock. WPG Advisers LLC lifted its holdings in shares of Nebius Group by 3.6% during the 1st quarter. WPG Advisers LLC now owns 2,799 shares of the company’s stock valued at $290,000 after buying an additional 98 shares during the period. Saxon Interests Inc. bought a new stake in shares of Nebius Group in the first quarter worth $299,000. R Squared Ltd bought a new stake in shares of Nebius Group in the first quarter worth $204,000. Meitav Investment House Ltd. increased its position in Nebius Group by 70.9% during the first quarter. Meitav Investment House Ltd. now owns 5,930 shares of the company’s stock valued at $615,000 after acquiring an additional 2,460 shares during the last quarter. Finally, Swedbank AB increased its position in Nebius Group by 8.9% during the first quarter. Swedbank AB now owns 57,098 shares of the company’s stock valued at $5,924,000 after acquiring an additional 4,666 shares during the last quarter. Institutional investors own 21.90% of the company’s stock.

Insider Transactions at Nebius Group

In related news, CTO Danila Shtan sold 16,937 shares of the firm’s stock in a transaction on Wednesday, July 1st. The shares were sold at an average price of $235.45, for a total transaction of $3,987,816.65. Following the completion of the transaction, the chief technology officer directly owned 274,763 shares of the company’s stock, valued at approximately $64,692,948.35. This trade represents a 5.81% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Andrey Korolenko sold 500,000 shares of Nebius Group stock in a transaction on Wednesday, May 13th. The shares were sold at an average price of $203.24, for a total transaction of $101,620,000.00. Following the completion of the sale, the insider owned 585,209 shares in the company, valued at approximately $118,937,877.16. This represents a 46.07% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last three months, insiders have sold 679,155 shares of company stock valued at $142,150,245.

Analysts Set New Price Targets

Several analysts recently issued reports on NBIS shares. Wolfe Research initiated coverage on shares of Nebius Group in a research report on Thursday, April 16th. They set a “peer perform” rating for the company. Bank of America lifted their price target on shares of Nebius Group from $240.00 to $280.00 and gave the stock a “buy” rating in a research note on Monday, June 8th. DA Davidson downgraded shares of Nebius Group from a “buy” rating to a “neutral” rating and boosted their price objective for the company from $200.00 to $250.00 in a research report on Monday, May 18th. Citizens Jmp upped their price objective on Nebius Group from $175.00 to $270.00 and gave the stock a “market outperform” rating in a research note on Thursday, May 14th. Finally, Freedom Capital cut Nebius Group from a “strong-buy” rating to a “hold” rating in a report on Monday, April 13th. Nine research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $203.25.

Nebius Group Stock Performance

NASDAQ NBIS opened at $219.65 on Monday. The firm has a market cap of $55.58 billion, a price-to-earnings ratio of 70.86 and a beta of 4.10. The company has a quick ratio of 8.33, a current ratio of 8.33 and a debt-to-equity ratio of 1.16. The business has a 50-day moving average price of $226.38 and a 200-day moving average price of $149.81. Nebius Group N.V. has a twelve month low of $43.89 and a twelve month high of $299.86.

Nebius Group (NASDAQ:NBIS) last issued its earnings results on Thursday, May 14th. The company reported ($0.23) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.81) by $0.58. Nebius Group had a negative return on equity of 9.11% and a net margin of 95.27%.The company had revenue of $399.00 million for the quarter, compared to the consensus estimate of $375.13 million. The business’s revenue for the quarter was up 684.0% compared to the same quarter last year. As a group, equities research analysts predict that Nebius Group N.V. will post -1.91 EPS for the current fiscal year.

Nebius Group Profile

Nebius Group N.V., a technology company, builds intelligent products and services powered by machine learning and other technologies to help consumers and businesses navigate the online and offline world. The company’s services include Nebius AI, an AI-centric cloud platform that offers infrastructure and computing capability for AI deployment and machine-learning oriented solutions; and Toloka AI that offers generative AI (GenAI) solutions at every stage of the GenAI lifecycle, such as data annotation and generation, model training and fine-tuning, and quality assessment of large language model for accuracy and reliability.